Page 2 - Reforms

PM Modi chairs top-level meet to discuss roadmap for next-gen reforms

Prime Minister Narendra Modi on Monday chaired a high-level meeting, which included top Union ministers, secretaries and economists, to deliberate on the roadmap for the next generation reforms, one of the key announcements he had made in his Independence Day address. Union ministers Rajnath Singh, Amit Shah, Nitin Gadkari, Nirmala Sitharaman, Shivraj Singh Chouhan, Piyush Goyal and Lalan Singh attended the meeting. Modi had on August 15 announced the formation of a task force for 'next-generation reforms' and revision of GST laws, as he devoted a major part of his 103-minute speech on making India self-reliant in a host of sectors ranging from semiconductors to fertilisers.

Press Sewa portal to simplify publisher registration: PRGI Yogesh Baweja

Press Registrar General of India (PRGI) Yogesh Baweja on Monday said the Press Sewa portal has been introduced as a single-window solution to simplify the registration process. This initiative aims to enhance transparency, accelerate approvals, and improve the ease of doing business for publishers, he said at a workshop titled Vartalap' addressing the issues faced by publishers, organised by the Press Information Bureau (PIB), Hyderabad, under the Ministry of Information and Broadcasting, an official release said. PIB Hyderabad Additional Director General Shruti Patil highlighted that this was the first interactive session of its kind in Telangana, designed to clarify publishers' queries and provide guidance on the new Press and Registration of Periodicals Act (PRP Act). She also announced that PIB Hyderabad, with the support of PRGI, would soon establish a dedicated helpline for publishers. Deputy Press Registrar Ashutosh Mohle explained that the entire registration process has ..

Turning insult into inspiration: A call for bold national reforms

If we want to turn insult into inspiration, we must rekindle the hunger for bold, meaningful reforms among our people

Sebi board likely to discuss regulatory reforms at Wednesday meeting

Markets watchdog Sebi's board is likely to discuss a series of regulatory reforms during its upcoming meeting on Wednesday. Several of these proposals have already been floated for public consultation, indicating a broader push towards refining the regulatory landscape. This would mark the second board meeting under the chairmanship of Tuhin Kanta Pandey, who assumed office on March 1. One of the key agenda items is the simplification of rules and regulatory compliance for Foreign Portfolio Investors (FPIs) investing exclusively in Indian Government Bonds (IGBs) through the Voluntary Retention Route (VRR) and the Fully Accessible Route (FAR). This move is aimed at attracting more long-term bond investors to the Indian market, people aware of the development said. Currently, foreign investors can invest in Indian debt through three routes-- General, VRR, and FAR. The VRR and FAR routes are comparatively liberal, as they allow investments without many of the restrictions, such as ...

To turn crisis into opportunity, India needs a reform playbook reboot

India must revisit how reforms are designed, executed and shared between the Centre and states, if it wants to seize the global moment and boost long-term economic growth

Land reform law is a step towards innovation: Uttarakhand CM Dhami

Chief Minister Dhami also added that the state government has taken a decision in accordance with the public sentiments and expectations of the people of the state

Stage set for next gen reforms: President Murmu in her I-Day eve address

President spoke of the programmes and schemes that the government has undertaken for the welfare of the poor, women, farmers, and the youth

Agenda for regulatory reform

Improving the governance of omnipotent regulators who currently dominate the economy and the lives of Indian citizens should be at the top of the new government's priorities

Strong economic base to help new govt make India a developed nation by 2047

India's world record beating economic growth rate together with robust tax revenues, a fast expanding digital and financial infrastructure and a strong manufacturing sector will give the new government a base for unleashing next generation reforms that may make the country a developed nation by 2047. The new government will however have to tackle with problems like unemployment and rural distress, which seemed to have played a major role in voting pattern in states like Uttar Pradesh, while also keeping inflation under control. Given that no party, including BJP, have a clear majority of its own, tough reforms like big ticket privatisation and labour law reforms may take a backseat. As per the available trends, BJP is likely to win about 240 seats in a 543- member Lok Sabha. It would have to rely on its allies like TDP and JDU to form the next government. The new government will have to build upon the 8.2 per cent GDP growth recorded in 2023-24 and carry on with the reforms to make

Taking states along

Next govt should build consensus on reforms

India needs 'hard reforms' to reach GDP growth of 7.5%, says HSBC

Prime Minister Narendra Modi - who is seeking a third term in elections that run until June 1 - has been campaigning on making India a developed nation by 2047

Next gen reforms to top third-term agenda, says FM Nirmala Sitharaman

Sitharaman said that among other areas of focus, the government is also going to ramp up investment in the logistics sector which has immense untapped potential along with tourism

PM Modi calls for reform of multilateral institutions at World Govt Summit

Modi said India has brought in its own reforms based on the mantra of 'Minimum Government, Maximum Governance' and that governments should interfere as little as possible in the lives of people

RBI Deputy Governor urges for stringent governance standards in UCBs

He added that it is essential for the director to understand the bank's financial statements as it is important for laying down underwriting standards and assessing credit proposals

Govt okays Rs 235 cr for administrative reforms, public grievance redressal

The Centre has approved an outlay of Rs 235 crore for a revamped scheme for administrative reforms to be implemented in the next two financial years in the the Department of Administrative Reforms and Public Grievances, an official statement issued on Thursday said. The scheme will take up ambitious next-generation administrative reforms matching with the new aspirations of 'Viksit Bharat', it said. This revamped scheme has two verticals -- administrative reforms and a comprehensive system for redressal of public grievances, said the statement issued by the Personnel Ministry. "The government has approved an outlay of Rs 235 cr for revamped scheme for administrative reforms of DARPG to be implemented in next two years (2024-25 and 2025-26 ) of the 15th Finance Commission cycle," it added. The scheme for administrative reforms with an allocation of Rs 107 crore seeks to utilise the resources for Prime Minister's awards for excellence in public administration for 2024-25 and 2025-26,

India to advocate for food security, WTO reforms at upcoming Geneva meeting

The WTO Director-General urged officials to arrive in Geneva with "realistic expectations of what is truly doable" for MC13, rather than sticking to established positions

Insolvency code a crucial milestone in economic reforms: PM Modi

Stressing that the Insolvency and Bankruptcy Code, implemented in 2016, is a crucial milestone in the economic reforms, Prime Minister Narendra Modi on Saturday said that India, which used to be counted among the "Fragile Five" economies, is now being considered a bright spot in the global economy. The Prime Minister took note of the seminar, titled, 'Rejuvenation of Economy under Insolvency Laws' being organised by Insolvency & Professionals Council of India. In a signed message to Dr. Adish C Aggarwala, President of the International Council of Jurists, London, for the seminar, to be held in New Delhi on August 27, PM Modi acknowledged the need to make the insolvency regime "even better".Taking note of the initiative, Prime Minister Narendra Modi, added "It is particularly heartening to note that this seminar is being attended by many legal luminaries, domain experts and other stakeholders".The Prime Minister said he was sure that the deliberations at the seminar "will prove ..

India set to host IIAS conference on administrative reforms in 2025

The annual conference will be attended by 30 countries, 18 national sections, and over 50 IIAS universities/ institutes of public administration

UNSC structure does not reflect reality, needs urgent reforms: UN envoys

The UN Security Council in its current structure is perverse and immoral, a perpetuation of the colonisation project and does not reflect the rise of new powers and shifting geopolitical landscape, envoys and policy experts said here, asserting that the time for reform is now and status quo is untenable. Speaking at a Roundtable on Security Council Reform at the UN headquarters hosted by the Permanent Missions of Brazil, India, South Africa and Saint Vincent and the Grenadines here on Thursday, India's Permanent Representative to the UN Ambassador Kamboj said, The current composition of the Security Council no longer aligns with the realities of our interconnected and multi-polar world." "The Council structure, designed in a different era, does not reflect the rise of new powers, the shifting geopolitical landscape and the aspirations of nations striving for a fairer and more equitable global order, she said. The roundtable was held with the aim to bring in the perspective of the ..

Reforms galore, index annual returns in line with the long-term trend

The returns are also below the previous Manmohan Singh-led United Progressive Alliance (UPA) government